Member Info for Money_nvr_sleeps

Yup RNS looks good to me

I daren’t allow myself to get hopes up just yet though

Let’s all hope it keeps going up in the short term.

Bowlers I’ve merely posted my opinions on Argo and just because it wasn’t ramping it (I gave my honest opinion on why I think Argo will struggle) you’ve been negative towards me. I’ve been a shareholder since 2020 (check my post history if you so please) and still hold shares in ARB, admittedly been selling off at any price above my break even of 31p.

I’m relatively clued up when it comes to crypto so am entitled to my opinion on a stock that is within a space I know about.

@Bowlers - You’re entitled to your opinion, looking forward to hearing your reasoning as to why Argo is a good buy.

All opinions are welcome if there’s actual intelligent reasoning supporting said opinion.

I won’t hold my breath for insightful reasoning from yourself though, you’re not the sharpest tool in the box that’s a fact.

Read my post history, dimwit. It cannot be falsified.

Grow some braincells and go troll another board.

Whereas a quick look at your posts JWBellamy and you’ve done TEN just today..

How’s HE1 stock doing for ya ?? LOL bagholder. Case closed.

@JWBellamy a simple look at my past posts about selling above my average of 31p when ARB was in the 33-35p range. Off you f**k.

Money_nvr_sleeps

Posted in: ARB

Posts: 709

Price: 34.00

No Opinion

RE: Bitcoin over 45K. First time in 2 years. ARB back to 300p! Let's go!2 Jan 2024 10:31

Sold another 10% at 33.85.. think this'll go higher but happen to take a chunk at break even with some profit.

Money_nvr_sleeps

Posted in: ARB

Posts: 709

Price: 28.75

No Opinion

RE: NASDAQ finished up 14%. Easy buy4 Jan 2024 12:09

That 33.5p sell I got on Tuesday morning looks a good price now.

Anything about 31p I’ll be selling the next chunk off for some more profit.

JWBellamy - you’re can’t be more wrong if you tried. FO yourself.

Look at my posts on here been a shareholder since 2020 you dimwit. Grow some braincells.

*arms race to fight for hashrate

Careful dagenham and harchris, you will be accused of de-reramping for stating well balanced views on Argo's plight.

I'm seeing some very basic/weak arguments PRO Argo, "ARB was at 35p at these levels so it's undervalued" etc - the reason Argo is low now is because it's just published weak mining figures - Jan is worse than December.

All the other miners are heavily investing in new mining rigs, it's an arms race to fight for exahash, Argo don't have the funds to buy improve their infrastructure - unless they further dilute the SP.

People on here need to do research into the importance of Exahash capabilities, as well as which miners are PROFITABLE and which have DEBT. It's basic business.

Argo only have 18 Bitcoin which is a big concern. They have no assets like last time (i.e. Helios) to sell when the going gets tough.

I am sticking to my opinion that we will not see significant Bitcoin price increases until Q4 of this year at the earliest. most likely December onwards. Between now and then is when it's important to have cash in the reserves, or assets like Bitcoin to sell when needed to cover costs. Argo do not have this.

This is why I sold a few different chunks of ARB when it hit 35p. If Bitcoin does rally slightly by April then I reckon this could get into the 20s again, but without the sentiment it'll struggle to push into the 30s.

Ultimately it's your money so do what you want, but those that have been invested in Bitcoin miners for longer than most on here are a bit more switched on.

On paper look good but something doesn’t quite look right with Bitdeer.

Personally. I prefer Bitfarms, Terawulf, Stronghold, Iris, and of course, Mara.

Thanks for the 'lesson' in how to invest though.

You’re completely wrong there Bowlers. I own 6 different Bitcoin mining stocks which I’ve had since 2020.

I’ve also been in crypto since 2018 and would wager I have a lot more knowledge than yourself on the crypto space and how the mining company actually work.

CORZ has nothing to do with Argo. Just because you got lucky in CORZ doesn’t mean you’ll do the same with Argo. This whole discussion has been about the pitfalls of Argo. I even said I believe other miners will do well.

Your argument is non-existent.

I'm not a pessimist, i'm a REALIST. certainly not an optimist, which for Argo equates to burying your head in the sand and hoping for the best.

*why

The people on here saying "what are you being so negative" have not made one single business analysis that supports Argo's success. give us some reasoning on why you think Argo will "be OK" I am all ears.

myself, HarChris, Hexam, CLSK etc. have all provided reasoning behind our opinions on Argo's struggles.

@Bowlers - the negativity for Argo is completely justified. It's not mindless negativity is it... it's properly thought out opinion based on analysis of the company. I've been a shareholder in Argo since 2020 and was very bullish on the company at that time. I still hold a large amount of ARB so am in a fair position to share my opinions, especially as other people have asked for them.

I'm bullish on Bitcoin and bullish on OTHER miners. Just not Argo.

It speaks volumes how the likes of Anthony Power, a well regarded crypto miner analyst, doesn’t even cover Argo in his miner analysis talks on YouTube. Years ago he used to cover them a lot. They’re as good as written off.

Best case scenario Argo is an extremely risky gamble. But why would people take that gamble when there are numerous other options with far superior profitability, infrastructure and management.

Argo were the best in 2020/21 but through sheer incompetence by Peter Wall they are pretty much the opposite now. Took on way too much risk, didn’t sell any BTC when it was as ATHs, zero mitigation plan for a bear market, and bit off way more than they could chew with investments i.e. Helios. All done with the worst timing possible entering the bear market. They should do a documentary on how NOT to manage a company.

IF and only IF there is a Bitcoin spike between now and April, then Argo could get a small boost to SP, and I am selling the majority of my shares (90%) and leaving 10% as a pure gamble play.

Whichever miners survive until November/December will be the ones I research and buy again, to maximise any gains from the bull run.

Buying and holding miners from now is a risky business. The only miner that I feel comfortable to hold through (and top up) is MARA simply because they have such a huge HODL (circa 15,000 Bitcoins).

Look at what happened in the last bear market, MARA did fine because they had such a huge HODL of Bitcoin they could sell off as-and-when needed to cover running costs/salaries/equipment investments. Argo only have 18 Bitcoin and we're not even in that post-halving phase yet. It looks bleak.

If they somehow manage to survive until the end of this year then they could benefit from Bitcoin price action - but they so will every other miners, most of which are in a much stronger position - i.e. not saddled with debt, have capital to expand in more/improved mining computers, and own more Bitcoin in their reserves.

Bitcoin bull run *expected* to start positively moving price around November onwards.

The point I made the other day is that Argo are REALLY going to struggle in the months leading up to that post-halving. From April to Novemberish they are earning half the reward whilst still being saddled with debt. If you thinks January's RNS is bad just imagine what the SP and RNS's will be like in those Summer months when BTC price is still low/volatile.